Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Government Proposals “Measured”, Says Telecom

The Government’s regulatory framework for telecommunications is a significant change from the status quo and goes further than necessary, Telecom Chief Executive Theresa Gattung said today.

“However, set against the Telecommunications Inquiry Report in September, the Government’s approach is measured and pragmatic,” Ms Gattung said.

“The Government has sensibly focused on any potential roadblocks to competition and stayed away from undue intervention in a highly competitive industry.

“Telecom is committed to working positively and co-operatively with the new framework,” she said.

Ms Gattung said if there was going to be a specialist telecommunications commissioner, the most appropriate place was within the Commerce Commission, where it would serve as a backstop to resolve disputes.

“This year, industry members have demonstrated how they can work co-operatively in a highly competitive marketplace. We don’t need close bureaucratic oversight. We need continued innovation and the ability to quickly respond to new market initiatives. That is only possible in an environment where the players are free to get on with business.”

Ms Gattung said Telecom had worked with the Government to determine how the 10-year-old Kiwi Share agreement should be updated.

“Over the next couple of years Telecom has agreed to contribute a big part of the significant cost of upgrading some remote and geographically challenging parts of the rural network,” she said.

“We are pleased the Government has agreed Kiwi Share losses should be fairly shared by the industry.

“Telecom is also pleased the Government has recognised the need for us to be able to lower prices in the profitable main centres, as competition grows in the residential access market.”

“We are particularly pleased that no mobile services have been regulated, reflecting the highly competitive nature of this market,” Ms Gattung said.

“However we do not support the designation of wholesaling. We already provide wholesale service along the lines spelt out by the Government. As we’re already doing exactly what is proposed, why impose unnecessary regulation?

“We remain concerned that the category of specified services is an invitation for regulatory expansion. Because there are currently no specified services this may be seen as a vacuum waiting to be filled,” Ms Gattung.

“The restricted appeal rights proposed should be a concern for the broader business community. This move is an undermining of the court’s ability to act as a check and balance against the power of the State.

“Overall, we hope the proposals presented by the Government will provide a workable framework that will not impede new investment or the provision of new services to customers at competitive prices,” Ms Gattung said.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news